Parsons Awarded $91 Million Cyber Capabilities Contract

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has been awarded a $91 million contract by the United States Cyber Command (CYBERCOM) to provide services for the J9 PEO Cyber and Joint Cyber Warfighting Architecture Integration Office. The contract includes a 12-month base year and four 12-month option years. Parsons will use their Digital Engineering Framework to support the analysis, integration, development, and delivery of the Joint Cyber Warfighting Architecture.

Positive

• Parsons Corporation has been awarded a substantial $91 million contract by CYBERCOM, showcasing the company's ability to secure high-value government contracts.
• The use of Parsons' Digital Engineering Framework (PDEF) and Model-Based Systems Engineering demonstrates the company's commitment to innovation and advanced technology in supporting CYBERCOM's mission.

Negative

• The press release does not provide specific details on the potential impact of the contract on Parsons Corporation's financial performance, making it challenging to assess the direct financial implications of the contract.

CHANTILLY, Va., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected by the United States Cyber Command (CYBERCOM) to provide services for the J9 PEO Cyber and Joint Cyber Warfighting Architecture Integration Office. The $91 million cost plus fixed-fee prime contract includes a 12-month base year and four 12-month option years including the Federal Acquisition Regulation (FAR) 52.217-8, Option to Extend Services, and is new work for the company.

“We’re committed to advancing CYBERCOM’s mission to defend and advance national interests through coordination of cyberspace planning and operations,” said Mike Kushin, president of Defense and Intelligence for Parsons. “Under this contract, we are using Parsons’ operationally proven Digital Engineering Framework (PDEF) and Model-Based Systems Engineering to support the analysis, integration, development, and delivery of the Joint Cyber Warfighting Architecture, including software-enabled systems, sensors, and tools that span the full spectrum of cyber operations. We look forward to partnering with CYBERCOM to continue defining and delivering enterprise architecture and governance in support of the cyber warfare mission.”

Parsons operates in every aspect of the all-domain battlespace and addresses emerging threats by fusing technologies across the now-connected warfighting domains (land, air, sea, space, cyberspace) and incorporates information operations, intelligence, data analytics, electronic warfare, multi-echelon command and control, and kinetic operations into a unified approach.

To unlock Parsons’ cyber capabilities, visit parsons.com/cyber/.

About Parsons:
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact:                                        
Angie Benfield
+1 803.334.5277
Angie.Benfield@parsons.com

Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.com

FAQ

What contract has Parsons Corporation been awarded by CYBERCOM?

Parsons Corporation has been awarded a $91 million contract by the United States Cyber Command (CYBERCOM) to provide services for the J9 PEO Cyber and Joint Cyber Warfighting Architecture Integration Office.

What technologies will Parsons Corporation use to support the Joint Cyber Warfighting Architecture?

Parsons Corporation will use their Digital Engineering Framework (PDEF) and Model-Based Systems Engineering to support the analysis, integration, development, and delivery of the Joint Cyber Warfighting Architecture.

Where can I find more information about Parsons Corporation's cyber capabilities?

To learn more about Parsons Corporation's cyber capabilities, visit parsons.com/cyber/.